Franklin Joshva
![ITAT quashes AO’s Rs. 57.03 Lakh Cash Deposit Addition & Penalty, Grants Fresh Hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Lucknow-Income-tax-Income-Tax-News-ITAT-quashes-penalty-Taxscan.jpg "ITAT quashes AO’s Rs. 57.03 Lakh Cash Deposit Addition & Penalty, Grants Fresh Hearing [Read Order]")
ITAT quashes AO’s Rs. 57.03 Lakh Cash Deposit Addition & Penalty, Grants Fresh Hearing [Read Order]
The Lucknow Bench Income Tax Appellate Tribunal (ITAT) quashed the addition of Rs. 56.50 lakh made by the Assessing Officer (AO) and the...
Additional Income declared in Survey considered as Business Income not Charged u/s 68, 69A: ITAT [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that additional income declared in the survey was considered business income and not charged under Sections 69 and 69A of the Income...
![Additional Income declared in Survey considered as Business Income not Charged u/s 68, 69A: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Business-Income-Additional-Income-taxscan.jpg "Additional Income declared in Survey considered as Business Income not Charged u/s 68, 69A: ITAT [Read Order]")
Setback to AAI: ITAT Directs Recalculation of Exempt Income Disallowance u/r 8D at 1%, Rejecting Sufficient Interest-Free Funds Claim [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) directed the recalculation of exempt income disallowance under Rule 8D at 1%, rejecting the Airport Authority of India (AAI)’s claim of...
![Setback to AAI: ITAT Directs Recalculation of Exempt Income Disallowance u/r 8D at 1%, Rejecting Sufficient Interest-Free Funds Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/AAI-ITAT-ITAT-Directs-Recalculation-of-Exempt-Income-Sufficient-Interest-Free-Funds-Claim-ITAT-INDIA-Airport-Authority-of-India-ITAT-DELHI-ITAT-NEWS-Income-tax-Income-tax-news-Taxscan.jpg "Setback to AAI: ITAT Directs Recalculation of Exempt Income Disallowance u/r 8D at 1%, Rejecting Sufficient Interest-Free Funds Claim [Read Order]")
Lack of Specific FCRA Violation Details u/s S.12AB: ITAT quashes Registration Rejection Order [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) quashed the rejection order of the Commissioner of Income Tax (Exemption) [CIT(E)] citing that the order lacked specific details of violation...
![Lack of Specific FCRA Violation Details u/s S.12AB: ITAT quashes Registration Rejection Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Lack-of-Specific-FCRA-FCRA-FCRA-Violation-Details-FCRA-Violation-ITAT-ITAT-quashes-Registration-Rejection-Order-Rejection-Order-taxscan.jpg "Lack of Specific FCRA Violation Details u/s S.12AB: ITAT quashes Registration Rejection Order [Read Order]")
Relief for Air India: ITAT directs Use of Average Value u/r 8D for Accurate Investment Calculation, Replacing AO's Market Value Approach [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) granted relief for Air India by directing the Assessing Officer (AO) to use the Average Value of Investment to recalculate disallowance under...
![Relief for Air India: ITAT directs Use of Average Value u/r 8D for Accurate Investment Calculation, Replacing AOs Market Value Approach [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ruling-Average-value-Market-value-approach-Tax-relief-Income-tax-calculation-Tax-ruling-India-Rule-8D-ITAT-decision-ITAT-Mumbai-taxscan.jpg "Relief for Air India: ITAT directs Use of Average Value u/r 8D for Accurate Investment Calculation, Replacing AOs Market Value Approach [Read Order]")
Finance Ministry Announces 2025 Recruitment Rules for Deputy Director of Enforcement (Group ‘A’) [Read Notification]
The Ministry of Finance in the Department of Revenue, Directorate of Enforcement issued a notification about the recruitment rules for Deputy Director of Enforcement (Group A). These rules are called...
CIT(A) fails to exclude COVID-19 period for Calculating Limitation: ITAT directs Recalculation of 90-Day limit starting from October 3, 2021 [Read Order]
The Lucknow Bench of Income Tax Appellate Tribunal (ITAT) directed the commissioner of Income Tax (appeals)[CIT(A)] to recalculate the 90 limits starting from October 3, 2021, excluding the COVID-19...
![CIT(A) fails to exclude COVID-19 period for Calculating Limitation: ITAT directs Recalculation of 90-Day limit starting from October 3, 2021 [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/COVID-19-ITAT-ITAT-directs-recalculation-taxscan.jpg "CIT(A) fails to exclude COVID-19 period for Calculating Limitation: ITAT directs Recalculation of 90-Day limit starting from October 3, 2021 [Read Order]")
CPC Assessed Income under New Regime via Form 10IE: ITAT sets aside Order as Return Filed under Old Regime, Conditions of S. 115 BAC Not Fully Met [Read Order]
The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) set aside the assessment order which was assessed under the new regime citing that the return was filed under the new regime and conditions...
![CPC Assessed Income under New Regime via Form 10IE: ITAT sets aside Order as Return Filed under Old Regime, Conditions of S. 115 BAC Not Fully Met [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Pune-CPC-Assessed-Income-Income-CPC-New-Regime-via-Form-10IE-Form-10IE-taxscan.jpg "CPC Assessed Income under New Regime via Form 10IE: ITAT sets aside Order as Return Filed under Old Regime, Conditions of S. 115 BAC Not Fully Met [Read Order]")